Compare the Best Online Brokerage Firms
The first thing you need to do when starting to invest online is to find a quality and reliable online investment brokerage firm. This is a very important step because you want to make sure you pick a broker that has a competitive price for stock trades and also have low fees.
Below you will find my online investing review. I judged each online broker on account minimum, IRA fees, and cost of a market trade.
#1 Top Choice - TradeKing - TradeKing is a discount broker that allows you to place stock trades for $4.95.
TradeKing also has NO account minimum which makes it the perfect place for any investor to get started. You can get started with $25 if you would like and there are no account inactivity fees so there is no need to worry about placing a certain amount of trades per month.
TradeKing also has no account minimum for IRA’s. You can open it with any amount that you would like. TradeKing gets our highest recommendation and it the perfect place to start your online investing.
#2 E-Trade - Requires a $1,000 account minimum and has no IRA account min. They offer real time trades for $12.99. Another great option for an online investment broker.
#3 TD Ameritrade - Requires a $2,000 account minimum and no account minimum for IRA accounts. They offer real time trades for $9.99
#4 Fidelity - Requires a $2,500 account minimum for personal and IRA accounts. Offers real time trades for $19.95.
As you can see, TradeKing offers the best online investing accounts due to their low fees, no account minimums and $4.95 stock trades. In our online investment brokerage firm comparison review they get the top ranking.
Bookmark This Article:
